Delhi Daredevils has signed up RBL (Ratnakar Bank Ltd) as its Principal Sponsor and Banking Partner
This partnership will add visibility to RBL Bank under its new logo and short name. A number of new customers are expected join the RBL network in the coming months, as the rub-off will continue in the near future.
To beef up its eCommerce channel, RBL joined the IMPS ePayment mode on 20-Mar-14. The service is in Beta launch, hence the IMPS facility is not yet highlighted on the banks website.
One of India’s oldest commercial Bank i.e UCO Bank has gone live on IMPS-Account Number/IFS Code sub product. The commercial launch was announced on 19th December, 2013.
Uco Bank, was formerly known by a long name i.e ‘United Commercial Bank’.
UCO bank currently has 2685 branches with Zonal Offices in 45 centres and 10 circle Offices and over 1580 ATMs, spread all over the country. As the Bank branches are completely on CBS, all the branches of the Bank are having RTGS/ NEFT facilities.
To reduce the time for processing TDS job, the bank has invited sealed tenders from experienced bidders having proven capabilities for providing Web Based TDS Software
Scope of work in brief: In compliance of the Income Tax Act and Rules, the Bank Deducts Tax at Source from Depositors, Vendors and Employees. Such Deduction happens at different Levels in the 4-tier Organizational structure like Head Office, Circle offices, Regional offices and Branches. The Tax so deducted has to be remitted to Government through branches or via a Nodal Branch through Internet. Different Tax Rates, different threshold limits, etc would have to be considered while making such TDS. After remittance of Tax so deducted, at the end of each quarter, for each branch an Electronic Return to be generated in accordance with the Scheme given by Income Tax Department and be submitted to the Income Tax Department thorough the TIN network.
A National Conference on the convergence of ‘Aadhaar and IMPS Ecosystems’, was inaugurated by Shri Nandan Nilekani, Chairman UIDAI.
As on Date 59 banks are live on the IMPS platform. The active channels are Mobile/Internet/ATM. The volumes are slowly growing, but are not equal to the efforts put in by all the Participants i.e NPCI, Banks.
One positive sign is that in the last few months there has been a huge jump in the number of transactions. IMPS is possible for intra-bank transactions too. As the awareness levels increase, the volumes will keep on increasing.
The National Conference on “Aadhaar – IMPS Ecosystem Creation”, is another step to raise the awareness levels of IMPS.
The most important advantage of IMPS is the 24*7, 365 days instant credit to the beneficiary account. No other ePayment Channel in India offers this facility.
In fact, very few ePayment Channels world-wide offer this the 24*7, 365 days instant credit facility. Another noteworthy aspect is that the funds are debited/credited from Bank Accounts only. This is important from regulatory angle, as an electronic trail is created, which can be verified later, if required.
What will be the future?
Credit to Aadhaar Number → Routed through IMPS Channel to the beneficiary account
Indians now pay your USA visa fee electronically. IMPS enabled
One of the basic steps in obtaining US Visa is payment of visa processing fee. Like all payments now-a-days, visa fee can be paid electronically.
Just log on to the USA governments official travel website, create your Profile and proceed to pay the fee electronically.
At present, payment of credit card/debit card option is not enabled.
However, IMPS (Immediate Payment Service) option has been enabled.
Electronic – National Electronic Funds Transfer (NEFT) * New
Electronic – Mobile Payments – IMPS * New
Traditional – Cash – Over the Counter at DRUK Bank
Traditional – Cash – Over the Counter (AXIS Bank and Citibank)
In most cases, each visa applicant, including children, is required to pay a non-refundable, non-transferable Machine Readable Visa (MRV) application fee, whether a visa is issued or not.
The visa application fee is determined by the type of visa for which you wish to apply. Remember, the MRV fee is non-refundable.
Payment of the Visa Fees electronically is beneficial and also adds value to your Visa application.
Applicants who pay via the IMPS system during regular business hours (9AM – 5PM) will be able to schedule their appointment within 3 hours. Applicants who make their payment after 6PM will be able to schedule their appointment after 9AM the next business day. Yes, you can schedule your interview within 3 hours, the shortest gap possible.
Simple Financial Mantras 